02-08-2023 10:53
The Vietnam Banks Association has proposed a 2 per cent VAT reduction for the entire banking sector, which is currently excluded from the list of sectors entitled to the tax cut.
31-07-2023 14:21
Military Commercial Joint Stock Bank (MB Bank) has affirmed its position by recording robust business results in the first half of 2023, maintaining momentum in the execution of its strategic plan.
26-07-2023 14:00
As South Korean banks grapple with intensifying domestic rivalry, they are strategically shifting their focus to Southeast Asia, particularly Vietnam, as an emergent arena for growth and expansion.
21-07-2023 16:22
A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.
19-07-2023 12:36
During a recent conference reviewing Agribank's activities in the first half of 2023, chairman of the Board of Directors Pham Duc An put forward a proposal to increase the bank's charter capital. The move aims to ensure sufficient funds to support the bank's credit expansion goals.
18-07-2023 12:00
Many local banks are wading through troubled waters as they strive to comply with personal data protection regulations, navigating the delicate balance between privacy rights, regulatory compliance, and cybersecurity.
18-07-2023 10:04
Amidst rising concerns over cross-ownership practices in Vietnam’s rapidly evolving banking sector, experts are calling for effective mechanisms to ensure the independence and competency of board members, stringent sanctions, and better regulations on ownership ratios to bolster corporate governance.
18-07-2023 08:00
The availability of cheap capital has the potential to fuel subprime projects and activities, leading to a credit bubble risk for the economy.
17-07-2023 19:08
Yoon Jong-kyoo, chairman and CEO of KB Financial Group, has reinforced the group’s commitment to its 'glocalisation' strategy, highlighting Southeast Asia, particularly Vietnam, as key regions for customised product offerings and market penetration.
14-07-2023 10:39
Vietnamese businesses anticipate some relief as the central bank slashes interest rates amidst the economic challenges, with credit growth expected to accelerate in the second half of 2023.
05-07-2023 16:39
Vietnam's banking sector is grappling with stagnant credit growth, rising non-performing loan (NPL) ratios, and the need for sustainable credit activities amidst the economic challenges in 2023.
03-07-2023 17:05
The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.
27-06-2023 14:00
Asian markets mostly rose Tuesday after more than a week of losses but traders remained anxious about central banks' plans to continue hiking interest rates to fight stubborn inflation.
25-06-2023 11:31
Vietnam is eagerly seeking the proactive involvement of South Korean financial institutions in its ongoing efforts to restructure the country's banking system.
23-06-2023 18:00
The General Department of Taxation has issued a letter requesting commercial banks and other credit institutions to provide transaction information, account balances, and data as requested by the directors of local tax departments.